Monthly

The Argentine economy is showing signs of fatigue and deterioration and there is little hope at the moment that the outlook could improve in the near future. Between 2003 and 2011 Argentina enjoyed an overall good performance characterized by high growth, external balance and a reasonable fiscal situation with rela...

The year has started with financial issues taking center stage, as concerns about the evolution of the exchange rate, inflation and credit spreads have taken center stage in the economic debate. The rapid and large depreciation of the parallel exchange rate has been the dominating financial issue (see section 2)...

Argentina has done it once more, and the financial markets are desperately looking for answers. Uncertainty is the name of the game. First, the province of Chaco made a payment in pesos of a dollar denominated bond, while just three weeks later a New York Court of Appeals released a decision that represented a setba...

The recent economic indicators tend to confirm that the economy is entering in a period of stagflation. We have revised downward our estimates for this year and we now expect it to grow by around 0.5%, in spite of a statistical "carry over" effect of 1.4 percentage points from last year. On the other hand, we ...